Guide on BPI Truck Loan Downpayment or Amount You Must Prepare
BPI TRUCK LOAN DOWNPAYMENT – Here is a guide on how much you must prepare for the downpayment under the Bank of the Philippine Island’s Truck Financing offer.
One of the banks with a lot of loan offers is the Bank of the Philippine Islands or more commonly called as BPI. It has the personal loan offer, auto loans, and the housing loan.
With regards to the BPI auto loan offers, the bank does not only want to help people achieve their dream car for personal purposes but as well as secure vehicles to expand their businesses.
There is the BPI Truck Loan which is open for three (3) financing options – Light Truck Financing, Medium Truck Financing, and Heavy Truck Financing.
According to BPI, this truck financing offer is open for brand new trucks whether it is light, medium, or heavy. This is open for personal purposes or business purposes but not for accommodation.
Do you want to know how much you can borrow under this loan offer? Feel free to visit – BPI TRUCK FINANCING LOAN – Minimum & Maximum Loanable Amounts.
With regards to the BPI Truck Loan downpayment, according to the bank, the borrower must prepare at least 20% to 40% of the selling price of the vehicle depending on the brand.
The loan term is from 12 to 60 months. The following general requirements are needed in applying for this loan offer:
- Duly-accomplished Auto Loan Application Form
- Two (2) valid identification cards
There are income documents needed depending on the borrower’s employment status or source of income. You may visit –www.bpiautoloans.com.
Thank you for visiting our website. We hope we have helped you with regards to this matter. You may keep coming back for more informative guides.
READ ALSO: BPI LOANS – List of Loan Offers by Bank of the Philippine Islands (BPI)
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